On the topa Sydney, Australia-based, Web3-focused, investment-focused, decentralized, autonomous organization raised $5 million.
Upside DAO consists of a number of Australian Web3 founders and contributors including organizations such as Apollo Capital, Banxa, Caleb & Brown, FTX Australia, Ren Protocol, Synthetix, Chainflip and ZedRun. The DAO also includes industry specialists such as Mike Bacina, Luke Bortoli and Chloe White.
Led by co-founder and GM Kyall Walker, Upside is not a traditional mutual fund. It was incorporated as a DAO, meaning that investment decisions and advice to portfolio teams are coordinated by the members.
It publicly launches its portfolio of early investments in DeFi, Web3 tools, infrastructure, Metaverse, and GameFi.
Initial investments include:
- reservoir – a developer platform that enables next-generation NFT products to be brought to market.
- Ahead – a decentralized synthetic asset exchange that allows anyone, anywhere to gain access to any pre-IPO company or pre-token crypto project
- mirror planet – A rich metaverse world superimposed over real roads and buildings using Google Maps
- Astro Lab (France) – Next generation yield farming with automated multi-chain strategies
FinSMEs
10/26/2022
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